Big toys aren’t just for recreation. Every business needs reliable equipment to get the job done, whatever that job might be. Whether you’re purchasing a new CNC lathe, large-format printer, or new tractor for your farm, financing business equipment with Lake Region Bank is easy.
SBA 7(a) Loan
Lake Region Bank is a preferred lender for SBA7(a) loans. Lake Region Bank is also an approved SBA 504 lender for qualifying loan purposes.
The SBA 7(a) loan is the Small Business Administration’s most common loan program. Funds from an SBA 7(a) loan can be used to purchase machinery, equipment, furniture, fixtures, and business supplies. To be eligible, businesses must be for-profit, do business in the United States, and demonstrate the need for the loan, among other requirements. The Lake Region commercial lending team can help you decide if an SBA 7(a) loan is the right choice for your purchase.
Lake Region Bank Commercial Loan
If you are setting up a new shop or are investing in machinery or equipment for an existing business, a line of credit or term loan with Lake Region Bank could be a good fit for you. We understand business in Kandiyohi County and know that our success depends on your success. See us for all your business’s financial needs:
- Operating lines of credit
- Purchasing equipment
- Commercial real estate financing cash out for equipment needs
When it’s time to finance your next big equipment purchase, get in touch with the commercial lending team at Lake Region Bank, the small town bank with big city banking solutions.